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CHAPTER 43-23STATE REAL ESTATE COMMISSION43-23-01.Real estate commission - Members.The state real estate commissionconsists of five members, three of whom must be active real estate brokers, appointed by the<br>governor. The commission shall organize by the election of a chairman.43-23-02. Commission - Term - Duties - Records. The governor shall appoint eachmember of the commission for a term of five years. Terms must be staggered so the term of one<br>member expires each year. At the expiration of the term of any member of the commission, the<br>governor shall appoint a successor for a term of five years. In the event of a vacancy on the<br>commission for any reason the governor shall appoint a member for the unexpired term of that<br>member.A majority of the commission, in a duly assembled meeting, may perform and exercise allof the duties and powers devolving on the commission. The commission may submit a biennial<br>report to the governor and the secretary of state in accordance with section 54-06-04.The commission shall adopt a seal with North Dakota real estate commission engravedon the seal, by which it shall authenticate its proceedings. Copies of all records and papers in<br>the office of the commission, duly certified and authenticated by the seal of such commission,<br>must be received in evidence in all courts equally and with like effect as the original.43-23-03. Commission office - Executive director. The commission shall employ anexecutive director who shall furnish bond as required by the commission and who shall keep a<br>record of all proceedings, transactions, communications, and official acts of the commission, be<br>custodian of all moneys received for licenses which must, by the executive director, be deposited<br>for safekeeping in depositories designated by the commission. The executive director must be<br>custodian of all records of the commission and perform such other duties as the commission may<br>require. The commission is authorized to fix the salary of the executive director, to employ such<br>other employees as may be necessary to properly carry out the provisions of this chapter, to fix<br>salaries and prescribe duties of such employees and to make such other expenditures as are<br>necessary to carry out the provisions of this chapter. The commission shall meet annually and<br>upon call by the executive director upon a written request of three or more members of the<br>commission. The place of meeting of the said commission must be at the office of the executive<br>director. The location of the office of the executive director must be at such places within the<br>state as the commission may designate. The commission shall maintain all files, records, and<br>property of the commission at the office of the executive director.43-23-04.Commission - Compensation.The members of the commission shallreceive fifty dollars for each day actually engaged in the service of the commission and must be<br>paid actual and necessary traveling expenses to be paid only from the fund derived from fees<br>collected in the administration of this chapter. All moneys or fees collected or received by the<br>commission must be deposited and disbursed in accordance with section 54-44-12.43-23-05. Real estate license required. No person may act as a real estate broker orreal estate salesperson, or advertise or assume to act as such real estate broker or real estate<br>salesperson, without a license issued by the real estate commission. No person is entitled to<br>collect any fees, compensation, or commission as a real estate broker or real estate salesperson<br>without having first complied with the provisions of this chapter. No copartnership, association,<br>corporation, or limited liability company may be granted a license, unless at least one partner,<br>shareholder, member, manager, or officer of the copartnership, association, corporation, or<br>limited liability company, actually engaged as a real estate broker or real estate salesperson as<br>defined herein, holds a license as a real estate broker, and unless every employee who acts as a<br>real estate salesperson for such copartnership, association, corporation, or limited liability<br>company holds a license as a real estate salesperson.Page No. 143-23-05.1.Organization of salesperson or broker associate permitted to belicensed - Fees.1.The commission may license an organization of a salesperson or broker associate if:a.The organization is owned solely by an individual who is licensed as a<br>salesperson or broker associate, or by that individual and that individual's<br>spouse, or by that individual and other salespersons and broker associates<br>within the same firm as that individual;b.The organization does not engage in any real estate transactions as a<br>third-party agent or in any other capacity requiring a license under this chapter;<br>andc.The organization does not advertise or otherwise portray to the public that the<br>organization is a real estate broker or real estate brokerage firm.2.The employing or associating broker of a salesperson or broker associate who is<br>part of an organization is not relieved of any obligation to supervise the employed or<br>associated salesperson or broker associate or of any other requirements under this<br>chapter.3.An individual who forms an organization is not by nature of that act relieved of any<br>personal liability for licensed activities.4.The commission may adopt rules establishing a one-time license fee for an<br>organization licensed by a salesperson or broker associate.43-23-06. Definitions. 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height:815px; text-align:center;\"\u003eLoading PDF...\u003c/div\u003e\u003cscript type=\"text/javascript\"\u003e var pdf_url = 'https://law.justia.com/codes/north-dakota/2009/t43/pdf/t43c23.pdf'; $(document).ready(function() { var embedwindow = $(\"#embed_document\"); if ($.browser.msie){ embedwindow.html('\u003cembed src=\"'+pdf_url+'\" width=\"100%\" height=\"100%\"\u003e\u003c/embed\u003e'); } else { embedwindow.html('\u003ciframe style=\"width:100%; height:100%;\" src=\"https://docs.google.com/gview?url='+window.escape(pdf_url)+'\u0026embedded=true\" frameborder=\"0\"\u003e\u003c/iframe\u003e'); } });\u003c/script\u003e\u003cbr\u003e\u003cbr\u003e\u003cnoframes\u003eCHAPTER 43-23STATE REAL ESTATE COMMISSION43-23-01.Real estate commission - Members.The state real estate commissionconsists of five members, three of whom must be active real estate brokers, appointed by the\u003cbr\u003egovernor. The commission shall organize by the election of a chairman.43-23-02. Commission - Term - Duties - Records. The governor shall appoint eachmember of the commission for a term of five years. Terms must be staggered so the term of one\u003cbr\u003emember expires each year. At the expiration of the term of any member of the commission, the\u003cbr\u003egovernor shall appoint a successor for a term of five years. In the event of a vacancy on the\u003cbr\u003ecommission for any reason the governor shall appoint a member for the unexpired term of that\u003cbr\u003emember.A majority of the commission, in a duly assembled meeting, may perform and exercise allof the duties and powers devolving on the commission. The commission may submit a biennial\u003cbr\u003ereport to the governor and the secretary of state in accordance with section 54-06-04.The commission shall adopt a seal with North Dakota real estate commission engravedon the seal, by which it shall authenticate its proceedings. Copies of all records and papers in\u003cbr\u003ethe office of the commission, duly certified and authenticated by the seal of such commission,\u003cbr\u003emust be received in evidence in all courts equally and with like effect as the original.43-23-03. Commission office - Executive director. The commission shall employ anexecutive director who shall furnish bond as required by the commission and who shall keep a\u003cbr\u003erecord of all proceedings, transactions, communications, and official acts of the commission, be\u003cbr\u003ecustodian of all moneys received for licenses which must, by the executive director, be deposited\u003cbr\u003efor safekeeping in depositories designated by the commission. The executive director must be\u003cbr\u003ecustodian of all records of the commission and perform such other duties as the commission may\u003cbr\u003erequire. The commission is authorized to fix the salary of the executive director, to employ such\u003cbr\u003eother employees as may be necessary to properly carry out the provisions of this chapter, to fix\u003cbr\u003esalaries and prescribe duties of such employees and to make such other expenditures as are\u003cbr\u003enecessary to carry out the provisions of this chapter. The commission shall meet annually and\u003cbr\u003eupon call by the executive director upon a written request of three or more members of the\u003cbr\u003ecommission. The place of meeting of the said commission must be at the office of the executive\u003cbr\u003edirector. The location of the office of the executive director must be at such places within the\u003cbr\u003estate as the commission may designate. The commission shall maintain all files, records, and\u003cbr\u003eproperty of the commission at the office of the executive director.43-23-04.Commission - Compensation.The members of the commission shallreceive fifty dollars for each day actually engaged in the service of the commission and must be\u003cbr\u003epaid actual and necessary traveling expenses to be paid only from the fund derived from fees\u003cbr\u003ecollected in the administration of this chapter. All moneys or fees collected or received by the\u003cbr\u003ecommission must be deposited and disbursed in accordance with section 54-44-12.43-23-05. Real estate license required. No person may act as a real estate broker orreal estate salesperson, or advertise or assume to act as such real estate broker or real estate\u003cbr\u003esalesperson, without a license issued by the real estate commission. No person is entitled to\u003cbr\u003ecollect any fees, compensation, or commission as a real estate broker or real estate salesperson\u003cbr\u003ewithout having first complied with the provisions of this chapter. No copartnership, association,\u003cbr\u003ecorporation, or limited liability company may be granted a license, unless at least one partner,\u003cbr\u003eshareholder, member, manager, or officer of the copartnership, association, corporation, or\u003cbr\u003elimited liability company, actually engaged as a real estate broker or real estate salesperson as\u003cbr\u003edefined herein, holds a license as a real estate broker, and unless every employee who acts as a\u003cbr\u003ereal estate salesperson for such copartnership, association, corporation, or limited liability\u003cbr\u003ecompany holds a license as a real estate salesperson.Page No. 143-23-05.1.Organization of salesperson or broker associate permitted to belicensed - Fees.1.The commission may license an organization of a salesperson or broker associate if:a.The organization is owned solely by an individual who is licensed as a\u003cbr\u003esalesperson or broker associate, or by that individual and that individual's\u003cbr\u003espouse, or by that individual and other salespersons and broker associates\u003cbr\u003ewithin the same firm as that individual;b.The organization does not engage in any real estate transactions as a\u003cbr\u003ethird-party agent or in any other capacity requiring a license under this chapter;\u003cbr\u003eandc.The organization does not advertise or otherwise portray to the public that the\u003cbr\u003eorganization is a real estate broker or real estate brokerage firm.2.The employing or associating broker of a salesperson or broker associate who is\u003cbr\u003epart of an organization is not relieved of any obligation to supervise the employed or\u003cbr\u003eassociated salesperson or broker associate or of any other requirements under this\u003cbr\u003echapter.3.An individual who forms an organization is not by nature of that act relieved of any\u003cbr\u003epersonal liability for licensed activities.4.The commission may adopt rules establishing a one-time license fee for an\u003cbr\u003eorganization licensed by a salesperson or broker associate.43-23-06. Definitions. 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